Hill International to Provide QC Management Services for MITIMCo’s State-of-the-Art Transportation Research Center

Date : 01/08/2020 @ 1:00AM
Source : GlobeNewswire Inc.
Stock : Hill International Inc (HIL)
Quote : 1.7  0.08 (4.94%) @ 1:00AM
Hill share price Chart

Hill International to Provide QC Management Services for MITIMCo’s State-of-the-Art Transportation Research Center

Hill (NYSE:HIL)
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Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been selected by the Massachusetts Institute of Technology Investment Management Company (MITIMCo) to provide quality control (QC) management services for the U.S. Department of Transportation’s (DOT) Volpe Exchange project. Volpe is a federal fee-for-service research and innovation center in the U.S. DOT.

Hill will provide QC services for the construction of the state-of-the-art John A. Volpe National Transportation Systems Center at 220 Binney Street in Kendall Square, Cambridge, MA. The transportation technologies research facility will occupy approximately four acres of an existing parking lot at the corner of Binney Street and the Loughrey Walkway (at 6th Street).

“We look forward to supporting MIT in the oversight of stakeholder quality requirements,” said Ian Parks, Hill International Senior Project Manager. “This will lead to the elimination of added expense to MIT, minimal punch lists and warranty calls, and a high-performing building.”

Hill will be working on-site for MIT to help ensure the construction of the building meets all quality standards set in the designer’s documents and the construction company’s contract. This project will begin the important redevelopment of public spaces near and surrounding the new building.

“This unique public-private partnership between the U.S. government and MIT is exciting for us to be a part of,” said Raouf Ghali, Hill International Chief Executive Officer. “We have helped the General Services Administration deliver successful projects in almost every region in the U.S., but this is our first in New England. We are proud to support this region through our government work.”

About Hill International

Hill International, with approximately 2,700 professionals in more than 50 offices worldwide, provides program management, project management, construction management, and other consulting services to clients in a variety of market sectors. Engineering News-Record magazine recently ranked Hill as the eighth-largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.

Forward Looking Statements

Certain statements contained herein may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any statements of belief or intent, any statements concerning our plans, strategies, and objectives for future operations are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates, and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue, and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.

Hill International, Inc. Elizabeth J. Zipf, LEED AP BD+C Senior Vice President Hill International, Inc. One Commerce Square 2005 Market Street, 17th Floor Philadelphia, PA 19103 (215) 309-7707 elizabethzipf@hillintl.com

Hill International, Inc.Todd Weintraub Senior Vice President and Chief Financial Officer (215) 309-7951 toddweintraub@hillintl.com

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